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Short Sale Listings in Wallace, ID

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Wallace, ID Foreclosures

Current Market Conditions in in Wallace, ID As of February 2026?
In the past month, the Wallace real estate market has seen a modest increase in home prices, primarily driven by a surge in interest from buyers seeking a peaceful retreat in a mountainous setting. There have been several new listings, and properties are moving quickly, often with multiple offers. This increase highlights a competitive market fueled by the town's appeal as a recreational destination, particularly with the upcoming winter season.
How much do homes sell for in Wallace, ID?
The average home price is currently $253,158.
In Wallace, ID, how many homes are available?
There are currently 1 active home listings available in Wallace.
What’s the average rental cost in Wallace, ID?
The average rental price in Wallace is $896.
What is the most expensive home in Wallace?
The most expensive home sold in Wallace had a price of $1,666,700.
What is currently the cheapest priced home in Wallace, ID?
The cheapest home for sale in Wallace is priced at $16,731.

Living in Wallace, ID

Wallace, ID is a picturesque town known for its historic mining culture and stunning natural surroundings. With a population of around 800 residents, it offers a cozy, close-knit community atmosphere. Outdoor activities abound, with access to mountains, rivers, and numerous recreational trails.

Buyer vs Seller Market in Wallace, ID

The current real estate market in Wallace shows a stable trend with an upward movement in property values. Homes in Wallace are in demand, largely due to the area's natural beauty and recreational opportunities, leading to a gradual price increase.

In recent months, there has been a resurgence in interest for second homes and vacation properties in Wallace, especially as remote work continues to allow more people to live away from major metropolitan areas.

Home Value Estimator For Wallace, ID

There are currently 1,317 real estate properties in Wallace, ID, with a median automated valuation model (AVM) price of $234,127.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wallace, ID, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Wallace, ID, is $253,158.00, with the most expensive house in Wallace, ID, topping out at $1,666,700.00 and the cheapest home in Wallace, ID, clocking in at $16,731.00. In other words, there’s something for every potential homebuyer or savvy investor in Wallace, ID!

Rent Prices In Wallace, ID

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wallace, ID, is on a rollercoaster ride. The average rent price in Wallace, ID, is $896.00. Indeed, when looking to rent in Wallace, ID, you can expect to pay as little as $460.00 or as much as $1,800.00, with the average rent median estimated to be $900.00. The good news is that finding an affordable and desirable property to rent in Wallace, ID -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Wallace, ID Short Sale Listings

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